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via wsj.comMarkets

Bitcoin holds below $70,000 as risk-off mood pressures crypto

FROM THE WIRE · WSJ.COM

Bitcoin fell below $70,000 for the first time since August and was on track for its sixth weekly loss as expectations of higher rates and the tech stock selloff sapped risk appetite.

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishBitcoin's drop reflects expectations of higher rates and a tech stock selloff weighing on risk appetite.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Bitcoin fell below $70,000 for the first time since August.
  2. 02It was on track for its sixth weekly loss in a row.
  3. 03Expectations of higher rates and the tech stock selloff sapped risk appetite.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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